THIS DAY IN ECONOMIC HISTORY

August 27, 1894

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On this day in 1894, income tax became a legislative issue in the United States Congress. The Wilson-Gormann Tariff was passed by the House of Representatives and attached to this bill was a passage relating to a national income tax. The Supreme Court later struck down the bill but it did put the idea of a national income tax on the legislative map. With the passage of the 16th Amendment in 1913 income tax soon became a part of American life.